Kuwait: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Kuwait

In 2021, the Kuwaiti rubber-to-metal and moulded article market decreased by -3.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep contraction. Rubber-to-metal and moulded article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Kuwait

After two years of decline, shipments abroad of rubber-to-metal and moulded articles increased by 166% to X tons in 2021. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 769%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 974%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons) was the main destination for rubber-to-metal and moulded article exports from Kuwait, with a 49% share of total exports. Moreover, rubber-to-metal and moulded article exports to Pakistan exceeded the volume sent to the second major destination, Egypt (X kg), threefold. The UK (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Pakistan totaled +71.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+35.1% per year) and the UK (+51.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Kuwait, comprising 47% of total exports. The second position in the ranking was held by Egypt ($X), with a 13% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+38.8% per year) and the UK (+40.9% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, picking up by 17% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 74%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Kuwait

In 2021, after two years of growth, there was significant decline in supplies from abroad of rubber-to-metal and moulded articles, when their volume decreased by -11.3% to X tons. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 67%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports amounted to $X in 2021. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 41%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Kuwait, with a combined 55% share of total imports. Turkey, India, Germany, the United Arab Emirates, Taiwan (Chinese), Malaysia, Saudi Arabia and South Korea lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Kuwait were the United States ($X), Japan ($X) and China ($X), together accounting for 46% of total imports. Germany, Turkey, India, the United Arab Emirates, Malaysia, Taiwan (Chinese), South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Malaysia, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, rising by 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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